Elliott Wave Update on the Euro from Sid at ElliottWavePredictions.com

Elliott Wave Update on the Euro from Sid at ElliottWavePredictions.com2013-06-142018-06-22https://elliottwaveplus.com/wp-content/uploads/2016/07/EWP_fullcolor_logo.pngElliottwaveplus.comhttps://elliottwaveplus.com/wp-content/uploads/2016/07/EWP_fullcolor_logo.png200px200px

Elliott Wave Update on the Euro from Sid at ElliottWavePredictions.com. Click on the chart twice to enlarge.

In my last post (on June 6), I said that the Euro would continue to chop higher in a series of 3-4’s. This appears to have occurred, and now the EUR/USD pair may now be putting in a green 4 triangle, which would nicely fulfill the guideline of alternation, as wave 2 green was a running flat. This would be an optimum development for Elliotticians, as we would soon be able to measure the size of the triangle, and estimate the length of the green 5 upward thrust. If this main count is correct, a textbook shorting opportunity will result upon the completion of green wave 5.

My name is Sid Norris and welcome to Elliott Wave Plus! I’ve been an active investor, trader, and student of the markets for over 30 years. Elliott Wave Plus is the culmination of everything I've learned about technical analysis of the financial markets.